Econo lodge

Merritt Island, FL (Brevard County)

Seller Financing Available
Econo lodge
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Asking Price: $4,900,000

Cash Flow: N/A

Gross Revenue: $1,600,000



Inventory: N/A

Real Estate: N/A

Established: 2006

Econo lodge

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Business Description

The EconoLodge is located in Brevard County at 260 E Merritt Island Cswy, Merritt Island, FL, 32952, The hotel is in a prime location. It is close to the Port Canaveral Port, Merritt Island, Historic Cocoa Village and Kennedy Space Center. This hotel is the ideal lodging destination for the cruise ships and to explore Merritt Island National Wildlife Refuge and such nearby points of interest as: Cocoa Beach Pier, Cape Canaveral, University of Central Florida, Port Canaveral Pier, Merritt Square Mall and enjoy the nearby beach

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The EconoLodge & Leased Restaurant sits +/- 7 Acre land on a high visibility prime location. The property has a dedicated traffic light to service Hotel and neighboring properties. The hotel is a two story, exterior corridor building consisting of 128 guest rooms. The Restaurant / Bar / Meeting / Banquet Rooms are presently under utilized - Ideal for Leasing to a 3rd party operator. Used for Guest Breakfast. There is an on-site Rented Fitness Center and a Kiddies play area. The hotel is ideally located to the ever growing Cruise community. The hotel offers a room with a park-and-cruise package which includes Room and Free Parking. The Hotel Offers transfers to the port via a third party Shuttle Service at a fee payable by the guest to the Shuttle service. The renovated guest room features include a refrigerator, microwave, coffee maker, hair dryer, iron and ironing board. The EconoLodge brand promotes a clean environment and has taken active steps to support green hotel practices. * Rented: Fitness Club * Potential Rental opportunity for the Restaurant / Meeting Rooms * Seller undertake to complete the renovation of the 50 Out Of Order Rooms
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Mital Saraiya

Business Listed By:
Mital Saraiya

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